(a)    (1)    Five members of the Authority are a quorum.
        (2)    An act of the Authority must be approved by a majority vote of the members attending a meeting at which a quorum is present.
    (b)    A member of the Authority:
        (1)    may not receive compensation as a member of the Authority; but
        (2)    is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
    (c)    A member of the Authority shall file a public disclosure of financial interests as required under the Maryland Public Ethics Law.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 10 - Statewide Development Resources and Revenue Authorities
Subtitle 4A - Invest Maryland Program
Section 10-4A-01 - Definitions
Section 10-4A-02 - Maryland Venture Fund Authority Established
Section 10-4A-04 - Chair; Election of Officers
Section 10-4A-05 - Quorum; Compensation and Reimbursement; Public Disclosure
Section 10-4A-06 - Advice to and Consultation With Corporation; Meetings